March 08, 2019

A Green-ish New Deal?

Shi-Ling Hsu

Political momentum seems to be building for a “Green New Deal.” Although this would add to a debt burden that was exacerbated by the 2017 Tax Cuts and Jobs Act, this is a far more important and better expenditure of federal money. But a Green New Deal should not crowd out simpler, more effective, or fiscally prudent measures, namely a carbon tax, with some designated use of the carbon tax revenues.

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